Brookfield in Talks to Buy $384M Singapore Shed Portfolio and More Asia Real Estate Headlines

Asset management giant Brookfield is said to be eyeing a Singapore portfolio held by Mapletree Industrial Trust, with that report leading today’s headline roundup. Also in the news, Blackstone inks a deal to buy more India industrial parks and EQT adds to its Japan team.

Brookfield in Talks to Buy Singapore Industrial Portfolio From Mapletree REIT

Brookfield Asset Management is seeking to buy a Singapore industrial portfolio from a REIT backed by state investor Temasek Holdings, according to people familiar with the matter.

The Canadian asset manager is considering the assets owned by Mapletree Industrial Trust, which are valued at S$500 million ($384 million), the people said, asking not to be identified discussing private talks. Read more>>

Blackstone Signs MOU for 10 More India Industrial Parks

The Maharashtra state government on Tuesday signed a memorandum of understanding with Blackstone for the development of over 10 logistics and industrial parks across key locations in the state.

The deal, worth INR 51.3 billion ($600 million) in foreign direct investment, includes sites spanning 794 acres (321 hectares), with a total built-up area of 18.5 million square feet (1.7 million square metres). The facilities will rise in locations like Nagpur, Bhiwandi, Chakan, Khandwa, Sinnar and Panvel — regions that are fast emerging as strategic logistics and industrial corridors. Read more>>

EQT Expanding Japan Team to Ramp Up Deals

EQT is hiring in Japan for its private capital, infrastructure and real estate teams and feels the Asian nation could become its biggest market in the region over the next five years, the investment firm’s chairperson and founder said.

The Swedish firm has made two investments in Japan since entering the market in 2021, including the $1.4 billion management buyout of education company Benesse, which it led. It is pinning hopes on support for changing management practices in Asia’s second-largest economy, citing an openness to change by politicians, unions, media and companies. Read more>>

RealVantage Teams With ESR to Invest $55M in Korean Logistics Facility

Real estate co-investment platform RealVantage has partnered with ESR’s Kendall Square Korean arm to invest $55 million in the development of a last-mile logistics centre in Icheon.

This is the platform’s maiden entry into the South Korean market and its largest investment to date, RealVantage said Wednesday. Investors will be offered a 35-month duration deal, with the project delivery and leasing set to commence in the fourth quarter of 2026. Read more>>

Mapletree Acquires Logistics Site Near Chicago

Singapore’s Mapletree Investments announced Wednesday that it has acquired an 18 acre (7 hectare) site near Chicago, where it plans to develop a logistics facility spanning 276,000 square feet (25,641 square metres).

The company said the site is situated in an area offering convenience and access to the Joliet Intermodal Center, North America’s largest and most active inland port, which includes the Union Pacific Joliet Intermodal Terminal and BNSF Joliet Intermodal Terminal. Read more>>

China’s Red Star Macalline Says Founder Detained

Home furnishing mall developer Red Star Macalline announced to the Hong Kong stock exchange on Tuesday that its founder and general manager, Che Jianxing, has been detained by mainland authorities.

Che is under investigation by the Provincial Supervisory Committee of southwest China’s Yunnan province, with Red Star assuring investors that the company continues to function normally under the leadership of chairman Li Yupeng. Read more>>

Hong Kong’s CSI Properties Sells First Dollar Bond in Four Years

CSI Properties sold its first dollar bond in four years, a move that could potentially ease liquidity concerns for the builder amid a prolonged real estate slump in Hong Kong and China.

The Hong Kong-based developer, through its wholly owned subsidiary ESL, sold a $150 million three-year note with a coupon of 10.5 percent on Wednesday. Proceeds will be used for repayment of certain debt obligations, including a 5.45 percent dollar bond due on 21 July with $296 million in principal outstanding. CSI previously sold a dollar bond in 2021. Read more>>

NTT Data Buys Sites in 7 Markets for 1GW Data Centre Pipeline

NTT Data has acquired land in seven global markets for a planned data centre buildout of almost 1 gigawatt in capacity. The land acquisitions have occurred over the past six months and span locations in North America, Europe and Asia Pacific.

The land acquisitions follow NTT Data’s commitment in January to spend more than $10 billion on developing its data centre business through 2027. Other recently announced projects include a 290-megawatt facility in Malaysia’s Johor and a 400MW data centre in India’s Hyderabad. Earlier this month, NTT revealed plans to take NTT Data private in a JPY 2.37 trillion ($16.4 billion) deal. Read more>>

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